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Mar 17, 2010, 04.33 PM IST | Source: Reuters

Religare Tech buys healthcare biz of Sobha Renaissance

Healthcare and IT solutions provider Religare Technologies Ltd has acquired the healthcare business of Sobha Renaissance Information Technology Private Ltd.

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Healthcare and IT solutions provider Religare Technologies Ltd has acquired the healthcare business of Sobha Renaissance Information Technology Private Ltd.

Sobha Renaissance is a company promoted by the founder of Sobha Developers . The financial terms of the acquisition were not disclosed.

Sobha stock price

On May 27, 2015, at 11:29 hrs Sobha was quoting at Rs 423.25, down Rs 9.7, or 2.24 percent. The 52-week high of the share was Rs 581.00 and the 52-week low was Rs 376.00.


The company's trailing 12-month (TTM) EPS was at Rs 20.30 per share as per the quarter ended March 2015. The stock's price-to-earnings (P/E) ratio was 20.85. The latest book value of the company is Rs 249.03 per share. At current value, the price-to-book value of the company is 1.70.

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